What were the cumulative ADS and DSO for the first half-year? Do not round intermediate calculations. Round ADS answer to the nearest dollar and DSO answer to one decimal place. Cumulative Quarter ADS: $ 4350 Cumulative Quarter DSO: 54.8 days c. Construct an aging schedule as of June 30. Use account ages of 0-30, 31-60, and 61-90 days. Do not round intermediate calculations. Round your answers for monetary values to the nearest dollar and for percentage values to the nearest whole number. If no entry is required, enter "0". Age of Accounts (days) 0 - 30 Dollar Value Percent of Total 60% $ 142400 86900 36 31 - 60 61 - 90 0 0 % d. Construct the uncollected balances schedule for the second quarter as of June 30. Do not round intermediate calculations. Round your answers for monetary values to the nearest dollar and for percentage values to the nearest whole number. If no entry is required, enter "O". Quarter 2 Sales Receivables Receivables/Sales $ $ % April May June $ % The Russ Fogler Company, a small manufacturer of cordless telephones, began operations on January 1. Its credit sales for the first 6 months of operations were as follows: Month Credit Sales January February March April May June $ 68,000 118,000 138,000 123,000 158,000 178,000 Throughout this entire period, the firm's credit customers maintained a constant payments pattern: 15% paid in the month of sale, 30% paid in the first month following the sale, and 55% paid in the second month following the sale. a. What was Fogler's receivables balance at the end of March and at the end of June? Do not round intermediate calculations. Round your answers to the nearest dollar. March receivables: $ 182200 June receivables: $ 238200 b. Assume 90 days per calendar quarter. What were the average daily sales (ADS) and days sales outstanding (DSO) for the first quarter and for the second quarter? Do not round intermediate calculations. Round ADS answers to the nearest dollar and DSO answers to one decimal place. 1st Quarter ADS: $ 3600 1st Quarter DSO: 50.6 days 2nd Quarter ADS: $ 5100 2nd Quarter DSO: 46.7 days What were the cumulative ADS and DSO for the first half-year? Do not round intermediate calculations. Round ADS answer to the nearest dollar and DSO answer to one decimal place. What were the cumulative ADS and DSO for the first half-year? Do not round intermediate calculations. Round ADS answer to the nearest dollar and DSO answer to one decimal place. Cumulative Quarter ADS: $ 4350 Cumulative Quarter DSO: 54.8 days c. Construct an aging schedule as of June 30. Use account ages of 0-30, 31-60, and 61-90 days. Do not round intermediate calculations. Round your answers for monetary values to the nearest dollar and for percentage values to the nearest whole number. If no entry is required, enter "0". Age of Accounts (days) 0 - 30 Dollar Value Percent of Total 60% $ 142400 86900 36 31 - 60 61 - 90 0 0 % d. Construct the uncollected balances schedule for the second quarter as of June 30. Do not round intermediate calculations. Round your answers for monetary values to the nearest dollar and for percentage values to the nearest whole number. If no entry is required, enter "O". Quarter 2 Sales Receivables Receivables/Sales $ $ % April May June $ % The Russ Fogler Company, a small manufacturer of cordless telephones, began operations on January 1. Its credit sales for the first 6 months of operations were as follows: Month Credit Sales January February March April May June $ 68,000 118,000 138,000 123,000 158,000 178,000 Throughout this entire period, the firm's credit customers maintained a constant payments pattern: 15% paid in the month of sale, 30% paid in the first month following the sale, and 55% paid in the second month following the sale. a. What was Fogler's receivables balance at the end of March and at the end of June? Do not round intermediate calculations. Round your answers to the nearest dollar. March receivables: $ 182200 June receivables: $ 238200 b. Assume 90 days per calendar quarter. What were the average daily sales (ADS) and days sales outstanding (DSO) for the first quarter and for the second quarter? Do not round intermediate calculations. Round ADS answers to the nearest dollar and DSO answers to one decimal place. 1st Quarter ADS: $ 3600 1st Quarter DSO: 50.6 days 2nd Quarter ADS: $ 5100 2nd Quarter DSO: 46.7 days What were the cumulative ADS and DSO for the first half-year? Do not round intermediate calculations. Round ADS answer to the nearest dollar and DSO answer to one decimal place
